 | | | | Ireland's central bank on Thursday fined Bank of New York Mellon Corp's Irish fund administrating arm 10.8 million euros ($11.9 million) for 16 regulatory breaches compounded by the firm providing misleading information while under investigation. | | | | | | Sterling traded lower against the dollar on Thursday after data showed British business activity remained buoyant in March amid surging prices. | | | | | | Switzerland has frozen around 5.75 billion Swiss francs ($6.17 billion) worth of Russian assets covered by sanctions, and that amount is likely to rise, a government official said on Thursday. | | | | | | The European Central Bank will tighten banks' access to its liquidity from July by phasing out exceptionally easy collateral rules introduced at the onset of the coronavirus pandemic, the ECB said on Thursday. | | | | | | The Swiss National Bank (SNB) has sold most of its Russia-related assets and sees only limited risk for the Swiss financial sector from the war in Ukraine, its chairman said on Thursday. | | | | | | European Union countries are likely to agree to allow millions of Ukrainian refugees to exchange their currency, the hryvnia, into currencies used in the EU over the next three months at the Ukrainian central bank rate, a draft EU document showed. | | | | | | By David Milliken and Huw Jones | | | | | | A plan by UBS and China Life Insurance Group to set up an asset management joint venture in China faces uncertainty as talks have stalled due to a corruption investigation at the insurer and curbs set on the scope of the business, two sources said. | | | | | | The Bank of England on Thursday began sketching out Britain's first regulatory framework for cryptoassets, saying that although the sector remained small, its rapid growth could pose risks to financial stability in future if left unregulated. | | | | | | The Swiss National Bank will take "all necessary measures" to tackle higher prices in Switzerland, SNB Chairman Thomas Jordan said on Thursday, indicating a shift in tone at the central bank that for years has battled to tame the strong Swiss franc. | | | | | |
